Short Interest in BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) Declines By 21.5%

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 124,500 shares, a drop of 21.5% from the October 15th total of 158,500 shares. Based on an average trading volume of 51,400 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BrasilAgro – Companhia Brasileira de Propriedades Agrícolas stock. Renaissance Technologies LLC raised its stake in shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) by 12.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,735 shares of the company’s stock after purchasing an additional 8,235 shares during the quarter. Renaissance Technologies LLC owned 0.07% of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas worth $335,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 1.15% of the company’s stock.

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas Trading Up 0.6 %

Shares of NYSE LND traded up $0.02 during midday trading on Friday, reaching $4.18. 37,664 shares of the stock were exchanged, compared to its average volume of 42,889. The business has a 50-day simple moving average of $4.47 and a two-hundred day simple moving average of $4.68. BrasilAgro – Companhia Brasileira de Propriedades Agrícolas has a 12 month low of $4.02 and a 12 month high of $5.55. The company has a market capitalization of $428.69 million, a price-to-earnings ratio of 7.70 and a beta of 0.83. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.01 and a quick ratio of 1.30.

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) last released its earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $82.46 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th.

About BrasilAgro – Companhia Brasileira de Propriedades Agrícolas

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil and internationally. It operates through six segments: Real Estate, Grains, Sugarcane, livestock, Cotton, and Other.